Loot Crate Bankruptcy Loot Crate files Chapter 11 bankruptcy. Loot Crate admits it owes more than $30M in debt and $20M in unpaid subscriptions. Loot Crate, a monthly subscription delivery company for memorabilia, is known as “America’s Fastest Growing Company”. It filed for Chapter 11 bankruptcy. It has pledged to complete any orders that have not been paid. […]
What Are the Negative Consequences of Filing for Bankruptcy? Filing for bankruptcy protection is seen as a declaration of your capacity to repay your creditors. The fact that you filed for bankruptcy and were granted protection will appear on your credit report for up to ten years. Additional things to consider while considering the disadvantages […]
As the Celadon Bankruptcy Case Ends, a Multitude of Creditors are Left High and Dry The Indianapolis-based Celadon Group Inc. has run out of gas trying to liquidate its assets. The bankruptcy proceedings of the trucking company have ended, and many of its creditors are now left without a paycheck. After a long period of financial […]
Men’s Wearhouse owner searches for a new lifeline after bankruptcy exit Tailored Brands Inc., the owner of Men’s Wearhouse, is looking for financial help to keep it afloat in less than three months since it emerged from bankruptcy protection. According to court papers, Tailored Brands “severely underperformed” compared to Chapter 11 reorganization plans projections. As […]
Should I look for a cheap bankruptcy attorney? Many people begin their search for bankruptcy information looking for an inexpensive way to file a cheap bankruptcy. They ask “How can I afford to pay a bankruptcy attorney when I’m already overwhelmed with bills?” Read on to find out the cheapest ways to file bankruptcy and then […]
Top 50 Bankruptcy Questions: Can I file bankruptcy? Can I keep my house and car? How much does it cost to file for bankruptcy? What is chapter 7 bankruptcy? How do I file for bankruptcy? The top 50 questions I received as a bankruptcy attorney are listed below. You can learn the answers to a […]
Filing Bankruptcy The process of filing bankruptcy can be drastically simplified by hiring a local, qualified bankruptcy lawyer. There are many rules related to the federal bankruptcy code that makes trying to file bankruptcy yourself extremely difficult. For example, each state has its own long list of bankruptcy exemptions, and the courtroom meetings can sometimes be difficult […]
You can start applying for new credit immediately after your case is discharged; however, it is likely that you will be required to pay higher interest rates on credit you obtain immediately after a bankruptcy. Although you may be able to obtain a mortgage as soon as one day after a bankruptcy, industry experts recommend […]
Bankruptcy eliminates most, but not all, debts. Many major debts, including credit card debt, medical bills, broken leases, utility bills, repossessions, payday loans, and unsecured failed business debts, can usually be eliminated in bankruptcy. Certain other debts that cannot always be eliminated are criminal debts, some tax debts, student loans, back alimony, child support payments, […]
You cannot receive a discharge in a Chapter 7 case if you received a discharge in either (a) a chapter 7 bankruptcy filed within the last 8 years, or (b) a Chapter 13 bankruptcy filed within the last 6 years. You cannot obtain a discharge in a Chapter 13 case if you either (a) obtain […]